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1131 North Madrid Lane

1131 North Madrid Lane, Chandler, AZ 85226
Property in Windmills West
Sold Nov 02, 2011
$107,000
$104,287 by The Lending Company Inc
Mortgage Due Nov 01, 2041
Sold Apr 28, 2011
$104,400
Local assessors in Chandler, AZ have categorized 1131 North Madrid Lane as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 3,288 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1131 North Madrid Lane has a total of 1,387 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of concrete. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on a refrigeration air conditioning system for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1131 North Madrid Lane was last sold in Sep 23, 2011 for $107,000. According to our calculations, that's $77.14 per sqft. Prior to that sales transaction, the property was sold for $104,400 in Apr 14, 2011. Current property owners are expected to pay $1,274 in taxes per year. The property on 1131 North Madrid Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $29,780. To break that down further, the land itself was valued at $5,950. While improvements to the property were assessed at a total of $23,830. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,288
  • Total Building Area: 1,387
  • Gross Building Area: 1,387
  • Building Area: 1,387
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,387
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BORDEAUX LOT 1-227 TR A-K
  • Land Acres: 0.076
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BORDEAUX LOT 1-227 TR A-K MCR 316-07

Ownership

  • Current Owner : DEOCA MELISSA MONTES
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Owner Before Previous Owner: TAHA YAMAN G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 810200

Zoning

  • Zoning: PAD

Geography

  • Assessors Map Reference: 31607
  • Parcel: 308-06-323
  • Lot: 33
  • Meridian: SEC 24 TWN 1S RNG 4E
  • Municipality: CHANDLER
  • Latitude: 33.3226
  • Longitude: -111.902

    Address

  • Full Address: 1131 N Madrid Ln
  • Address - House Number: 1131
  • Street Direction: N
  • Address - Street Name: Madrid
  • Address - Suffix Type: Ln
  • State: AZ
  • City Name: Chandler
  • Carrier Code: C014
  • 4-Digit Zip Code: 1483
  • Zip Code: 85226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,274
  • Tax Rate Code Area: 280300

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 425,888
  • High Value: 502,817
  • Low Value: 348,959

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,287
  • First Open Lien Mortgage Lender: THE LENDING COMPANY INC
  • First Open Lien Mortgage Recording Date: Nov 02, 2011
  • First Open Lien Mortgage Loan Amount: $104,287
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2041

    Market Valuation

  • Market Total Value: $297,800
  • Market Land Value: $59,500
  • Market Improvement Value: $238,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,780
  • Assessed Land Value: $5,950
  • Assessed Improvements Value: $23,830

    Sales

  • Current Sale Contract Date: Sep 23, 2011
  • Current Sale Recording Date: Nov 02, 2011
  • Current Sale Transaction ID: 1013218351
  • Current Sale Price: $107,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2011-0909764
  • Previous Sale Recording Date: Apr 28, 2011
  • Previous Sale Contract Date: Apr 14, 2011
  • Previous Sale Amount: $104,400
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: THE LENDING COMPANY INC
  • First Mortgage Transaction Date: Nov 02, 2011
  • First Mortgage Loan Amount: $104,287
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2041

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Frequently Asked Questions

What neighborhood is 1131 North Madrid Lane located in?
The 1131 North Madrid Lane is a located in the neighborhood of Windmills West in Windmills West, Chandler.
What is the average sales price for listings in 1131 North Madrid Lane?
The average sales price for units in 1131 North Madrid Lane is $0 currently.

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